Buying a Holiday Home in Costa del Sol, Spain

Lots of sunshine, white sandy dunes, plenty of opportunities for scuba diving, snorkelling and windsurfing and the most delightful cuisine – what’s not to like about Costa del Sol?

Costa del Sol is easily one of the most popular destinations in the overseas property market. It is the perfect place to buy a holiday home or second home. It is very popular with British expats, and is connected by flights to most of the major cities in Europe.

Costa del Sol has a number of sporting and entertainment facilities. There are a number of first-rate golf courses here. The beaches are among the best you will find anywhere.

The nightlife around here is rich and vibrant. The entire region comes alive at night, and the party continues throughout the night and well into the early hours of the morning. Some of the nightclubs around here are world famous.

Costa del Sol boasts of well developed and first rate amenities. There are many world class hospitals around here, as well as many excellent international schools. The public transport system is comprehensive and the infrastructure, including the digital infrastructure, is as good as it gets.

The property market in Costa del Sol had been down for many years after the 2007/08 global housing crisis, which was followed by a prolonged recession in Spain, even as the Spanish government faced a major balance of payment problem.

Now, with the Spanish economy doing well, properties for sale in Costa del Sol, Spainare in huge demand, especially from rich, overseas investors. It has also helped that Spain is politically stable again, with a new government under Prime Minister Mariano Rajoy firmly in the saddle after 9 months of a political vacuum at the top.

Still, there’s never been a better time to sell a villa in Costa del Sol quickly than now. That is indeed an option a number of British expats are looking at currently, because of Brexit. Prime Minister Theresa May has indicated that there would be a “hard Brexit”, which would mean that Britain would get out of the single market in Europe.

This has caused a lot of anxiety among the British expats in Spain, who are wondering if they would need to return to the UK, faced with the prospect of losing the cheap health care coverage which is available to them as members of the European Union.

The demand for properties here comes from the usual suspects – Britons continue to be the biggest buyers (and sellers) of real estate in Costa del Sol. Scandinavians, Germans and the Swiss are the other big players. There is a growing demand from emerging nations such as China and Russia for holiday villas here, which is perhaps the biggest change seen over the last few years.

So this is a peculiar time indeed for the property market in Costa del Sol – while there is a lot of demand for holiday homes here from rich, high net worth individuals from abroad, there’s also an urgency among a lot of British expats to put up their properties for sale.

Lots of sunshine, white sandy dunes, plenty of opportunities for scuba diving, snorkelling and windsurfing and the most delightful cuisine – what’s not to like about Costa del Sol?

Costa del Sol is easily one of the most popular destinations in the overseas property market. It is the perfect place to buy a holiday home or second home. It is very popular with British expats, and is connected by flights to most of the major cities in Europe.

Costa del Sol has a number of sporting and entertainment facilities. There are a number of first-rate golf courses here. The beaches are among the best you will find anywhere.

The nightlife around here is rich and vibrant. The entire region comes alive at night, and the party continues throughout the night and well into the early hours of the morning. Some of the nightclubs around here are world famous.

Costa del Sol boasts of well developed and first rate amenities. There are many world class hospitals around here, as well as many excellent international schools. The public transport system is comprehensive and the infrastructure, including the digital infrastructure, is as good as it gets.

The property market in Costa del Sol had been down for many years after the 2007/08 global housing crisis, which was followed by a prolonged recession in Spain, even as the Spanish government faced a major balance of payment problem.

Now, with the Spanish economy doing well, properties for sale in Costa del Sol, Spainare in huge demand, especially from rich, overseas investors. It has also helped that Spain is politically stable again, with a new government under Prime Minister Mariano Rajoy firmly in the saddle after 9 months of a political vacuum at the top.

Still, there’s never been a better time to sell a villa in Costa del Sol quickly than now. That is indeed an option a number of British expats are looking at currently, because of Brexit. Prime Minister Theresa May has indicated that there would be a “hard Brexit”, which would mean that Britain would get out of the single market in Europe.

This has caused a lot of anxiety among the British expats in Spain, who are wondering if they would need to return to the UK, faced with the prospect of losing the cheap health care coverage which is available to them as members of the European Union.

The demand for properties here comes from the usual suspects – Britons continue to be the biggest buyers (and sellers) of real estate in Costa del Sol. Scandinavians, Germans and the Swiss are the other big players. There is a growing demand from emerging nations such as China and Russia for holiday villas here, which is perhaps the biggest change seen over the last few years.

So this is a peculiar time indeed for the property market in Costa del Sol – while there is a lot of demand for holiday homes here from rich, high net worth individuals from abroad, there’s also an urgency among a lot of British expats to put up their properties for sale.